- Core DAO’s Adam Bendjemil emphasised Bitcoin’s security in driving decentralised finance (DeFi) innovation during Bitcoin MENA 2024.
- The protocol integrates Bitcoin security with Ethereum Virtual Machine (EVM) compatibility, promoting trust and accessibility in DeFi.
What happened: Bitcoin MENA 2024: Core DAO promotes security-first DeFi innovation.
At Bitcoin MENA 2024 in Abu Dhabi, Core DAO’s Adam Bendjemil shared insights into Bitcoin-based DeFi (BTCFi) and its role in advancing blockchain security. Core DAO, a layer-1 blockchain, blends Bitcoin’s strong security foundation with Ethereum Virtual Machine (EVM) compatibility, aiming to bridge accessibility gaps in decentralised finance. Bendjemil emphasised the importance of a “security-first” approach, leveraging Bitcoin’s proven reliability while enhancing scalability and usability through EVM technology. This dual-focus strategy positions Core DAO to attract broader adoption and bolster trust within the DeFi ecosystem.
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Why it’s important
Core DAO’s integration of Bitcoin’s security into decentralised finance addresses a significant industry concern—building trust without compromising innovation. By incorporating Ethereum-compatible features, the protocol combines the strengths of two major blockchain ecosystems, creating a more inclusive and secure environment for users. As the DeFi space matures, this balanced approach may set new standards for innovation and risk management, while driving broader institutional and user engagement in blockchain technology.
